In the recent months, not a lot has been happening relative to our pension.  That, of course, is because the legislature is not in session.  The next session begins in January.  It is only a 60 day session and the leglislators have a lot to do.  The state is facing another financial crisis -- it seems like they are always facing a financial crisis.  That could pose a threat, but that is unlikely in that no pension system is in a position to entice a raid by the legislature.

I think we might see some new taxes if they think they can get away with it, otherwise the will no doubt just make more cuts and defer more spending.  Why not?  We can get along without roads and those teachers can go another couple of years without a raise. 

Anyway, for the LEOFF 1 perspective we, at this time, see no threats on the horizon.  We will, however, watch closely and keep you informed of any developments.